Astonea Labs IPO Review

Astonea Labs specializes in the manufacturing and marketing of a wide range of pharmaceutical and cosmetic products. These include antibiotic drugs, anti-cold medications, antihistamines, and drugs for diabetes, cardiovascular diseases, gynecological concerns, analgesics, fungal infections, and multivitamins. They also offer products for skin, tooth, and hair care, available in various forms such as gels, ointments, creams, lotions, oils, and serums.

Mr. Ashish Gulati is the Promoter and Managing Director of the Company and has more than 6 years of experience in the business of the Company and industry. The Promoter and Senior Management Personnel have been instrumental in the growth of the business and continue to provide strategic guidance and oversee the overall performance of the Company.

The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 6,968.86 Lakh, ₹ 8,028.85 Lakh, ₹ 6,725.86 Lakh and ₹ 3,017.46 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,146.66 Lakh, ₹ 1,203.89 Lakh, ₹ 733.62 Lakh, and ₹ 586.87 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 410.30 Lakh, ₹ 380.98 Lakh, ₹ 66.52 Lakh, and ₹ 24.88 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 5.01 and post-issue EPS of ₹ 3.62 for FY24. The pre-issue P/E ratio is 26.95x, while the post-issue P/E ratio is 37.25x against the Industry P/E ratio is 49x. The company's ROCE for FY24 is 22.95%, ROE for FY24 is 37.86% and RoNW is 31.83%. The Annualised EPS based on the latest financial data is ₹ 7.09 and PE ratio is 19.03x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Astonea Labs showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Astonea Labs Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.